The nearby (z=0.057) radio-loud source 3C 445, optically classified as a Broad-Line Radio Galaxy, exhibits an X-ray spectrum strongly reminiscent of an obscured AGN, suggesting we are seeing this source at a relatively large angle from the radio jet. Here we present an archival 15 ks XMM-Newton observation of 3C 445 which confirms the remarkable complexity of its X-ray emission. The X-ray emission is described by a power law continuum with GAMMA approximately equal to 1.4, absorbed by several layers of cold gas, plus strong cold reflection. A narrow, unresolved Fe Kalpha emission line is detected, confirming previous findings, with EW approximately equal to 400 eV. A soft excess is present below 2 keV over the extrapolation of the hard X-ray power law, which we model with a power law with the same photon index and absorbed by a column density N(sub H)5 approximately equal to 10(sup 20) cm(sup -2) in excess to Galactic. Remarkably, a host of emission lines are present below 2 keV, confirming previous indications from ASCA, due to H- and He-like O, Mg, and Si. The detection of two features at 0.74 and 0.87 keV, identified with OVII and OVIII Radiative Recombination Continuum features, suggest an origin of the lines from a photoionized gas, with properties very similar to radio-quiet obscured AGN. Two different ionized media, or a single stratified medium, are required to fit the soft X-ray data satisfactorily. The similarity of the X-ray spectrum of 3C 445 to Seyferts underscores that the central engines of radio-loud and radio-quiet AGN similarly host both cold and warm gas.